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22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

By Michael Snyder, on April 24th, 2012

If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a “perfect storm” start to come together. The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific. Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn’t look like anything is going to be able to stop the chaos that is on the horizon.

The following are 22 red flags that indicate that very serious doom is coming for global financial markets….

#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade. Do those insiders know something that the rest of us do not?

#2 Home prices in the United States have fallen for six months in a row and are now down 35 percent from the peak of the housing market. The last time that home prices in the U.S. were this low was back in 2002.

#6 The government of Spain recently announced that its 2011 budget deficit was much larger than originally projected and that it probably will not meet its budget targets for 2012 either.

#7 Amazingly, bad loans now make up 8.15 percent of all loans on the books of Spanish banks. That is the highest level in 18 years. The total value of all toxic loans in Spain is equivalent to approximately 13 percent of Spanish GDP.

#9 The Spanish government has announced a ban on all cash transactions larger than 2,500 euros. Many are interpreting this as a panic move.

#10 It is looking increasingly likely that a major bailout for Spain will be needed. The following is from a recent Reuters article….

Economic experts watching Spain don’t know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.

#11 Analysts at Moody’s Analytics are warning that Italy has now reached financially unsustainable territory….

“Italy is already out of fiscal space, in our estimate.” said Moody’s. “Its debt levels relative to GDP already exceed a manageable level. The manageable limit for Italian 10-year bond yields is estimated at 4.2pc. As of Wednesday, Italian 10-year yields were 5.46pc.”

#12 It is being projected that the Portuguese economy will shrink by 5.7 percent during 2012.

#13 There is even trouble in European nations that have been considered relatively stable up to this point. For example, the Dutch government collapsed on Monday after austerity talks broke down.

#15 The top economist for the IMF, Olivier Blanchard, recently made this statement: “One has the feeling that at any moment, things could get very bad again.”

#16 A recent IMF report admitted that the current financial crisis could lead to the break up of the eurozone….

Under these circumstances, a break-up of the euro area could not be ruled out. The financial and real spillovers to other regions, especially emerging Europe, would likely be very large.

This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.

#17 George Soros is publicly declaring that the European Union could soon experience a collapse similar to what happened to the Soviet Union.

#18 A member of the European Parliament, Nigel Farage, stated during one recent interview that it is inevitable that some major banks in Europe will collapse….

There are going to be some serious banking collapses and the impact of that on some sovereign states, will be serious. I’m afraid we’ve gotten to a point where we really can’t stop this now. We’re beginning to reach a stage where however much false money you create, the problem becomes bigger than the people trying to solve it. We are very close to that point.

When I talk about the threats and the risk that this thing could wind up in some kind of rebellion, some sort of awful social cataclysm, they (other European politicians) are now very worried indeed. They will talk to you in private, but in public, nobody dares utter a word.

I think the deterioration, in the last two or three weeks, in the eurozone is very serious indeed. It’s the bond spreads in Italy and Spain. It’s the fact that youth unemployment is now over 50% in some of these Mediterranean countries.

It’s riot and disorder on the streets. And yet a month ago I was here and there was Herman Van Rumpuy telling us, ‘We’ve turned the corner. Everything is solved. There are no more problems with the eurozone.’ What a pack of jokers they look like.”

#19 The IMF is projecting that Japan will have a debt to GDP ratio of 256 percent by next year.

#20 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.

#21 Over the past six months, hundreds of prominent bankers have resigned all over the globe. Is there a reason why so many are suddenly leaving their posts?

#22 The 9 largest U.S. banks have a total of 228.72 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy. It is a financial bubble so immense in size that it is nearly impossible to fully comprehend how large it is.

The financial crisis of 2008 was just a warm up act for what is coming. The too big to fail banks are larger than ever, the governments of the western world are in far more debt than they were back then, and the entire global financial system is more unstable and more vulnerable than ever before.

But this time the epicenter of the financial crisis will be in Europe.

Spain, Italy and Portugal are all heading for an economic depression and Greece is already in one.

The European Central Bank was able to kick the can down the road a little bit by expanding its balance sheet by about a trillion dollars over the last nine months, but the truth is that the underlying problems in Europe just continue to get worse and worse.

It truly is like watching a horrible car wreck happen in slow motion.

The good news is that there is still a little time to get yourself into a better position for the next financial crisis. Don’t leave yourself financially exposed to the next crash.

Sadly, just like back in 2008, most people will never even see this next crisis coming.

So do you have any other red flags to add to the list above? Please feel free to post a comment with your thoughts below….

As someone who lives in Spain and have lived in Europe for the past 12 years I can emphatically tell you that Europe was never been a wealthy place. It has always been teetering on collapse and all of the handouts from the international community did not matter. Those handouts went into the pockets of certain individuals. Sort of like humpty dumpty who could not be put together again. All the EU programs were just a cover up for the looting.

But more to the point, I do not believe anything will happen in Europe before the Fall. Europeans would not want their Summer holidays lost due to economic stuff. Plus there is too much money to be made in sunny holiday destinations like Spain, Greece and Italy during the tourism season.

However, next winter will be a disaster with heating fuel being very expensive, war taking place, riots over food and lots of news footage. There is a schedule to adhere to and the power players here want to be right on schedule. But let me warn you, the true target of all this calamity is the U.S. So be ready. The European problem is meant to only lend credibility to the necessity of a One World Government, One world Currency and a cashless society. All roads point to the same synthetic conclusion.

America as the land of the free and home of the brave has been openly kicked around by the EU behind your backs for years. The U.S. was made fun of and blamed for all of the EU’s problems. The 911 event was the trigger that set the all rolling. It signaled to the vultures that the giant would soon fall into a cloud of dust.

I know what I am saying having lived here all these years and seen the place from the inside. At the same time confidence by the American people was systematically undermined. This is classical subversion technique used around the world to topple countries. Problem, reaction, solution. They wish to cause people to be demoralized and lose confidence in their system and way of life. If you read the news daily you will see a stream of press designed to create the image of a failed society. Most of these stories are fake news to create that illusion. And then there is TV, radio or firms. Now we can add videos to that growing list of media complicit in psychological warfare against its own people.

But who is behind the take down of America? A better question might be who benefits from such a take down? Its not the Chinese. They are only the stooge of the real intelligence behind this operation. I will just leave that question for you to ponder.

One thing for sure, the answer to the challenges we all face as a people has already been thought of. Its just that we have not been told yet. The issue is not chaos as it seems. It is we the caring, loving, intelligent people who are confused. But the powers that be know what their plan is and we are only bit actors in their show.

As a family caught between a rock and a hard place we would welcome the chance to shareour thoughts, experiences and plans. Maybe we can help someone else in the same spot.

Goldenladyfun

Chris

What you describe has not just taken place in America though, I can see what you mention as having been applied also to the UK and the West in general. Public confidence in the system in the UK has been undermined by political sleaze and financial fraud. The beneficiary of all this that you won’t mention will be a One World Government built from the UN with the IMF acting as the world central bank. The sleaze and collapse of the present order will lead many no doubt to desire this thinking it can’t be any worse under the UN and maybe there will be world peace.
The Masons apparently have something called their ‘great work of Ages’. I would suggest that One world government is it.

joseph malo

You ask whose the blame? Answere,The good ol USA which ownes 65-85% of all Fortune 500 companies and has a wealth surplus of close to 150 trillion$$$.Every time the market crashes you could bet the government sold high and buy back low.Hundreds of thousands of people just lost thier life savings. Its a big game they are playing, all by design. The new world order needs to bankrupt the middle class to succeed. You dont believe me, check out the US COMPREHENSIVE ANNUAL FINANCE REPORT at cafr1.com and THROW UP

bojangles

i’m looking for info on the web bot algorythim do you know of any reliable sources?

http://Theeconomiccollapse Gregge Johnson

Just as the World Bank Planed it and the IMF is executing there Plan. Both these organized Perfect to there script. The Euro is worthless.

http://goldenladyfun.blogspot.com Pat

What about the dollar?

Jodi

Jim Yong Kim is now the head of the World Bank who has ties to Soros. Also the World Bank has always been run by an American. That’s not good.

matt

Brazil, Russia, India, China, South Africa. all these nations no longer buying the fact that the U.S. dollar is reserve currency. Game over…

Rhynn

To that list you will of course need to add Iran, and more importantly yet still in the same area of commerce (that being oil), Saudi Arabia.

It only looks like they’re still in our corner because they are cooperating and seemingly even leading the charge against Iran with the sanctions. That’s little more than a power grab – trying to eliminate a key competitor from the world oil market.

But make no mistake. When Saudi Arabia shakes hands with a country like China which is already putting the dollar behind it and making its own power grabs in Africa (the final natural resource frontier), and signs a deal for the biggest oil refinery in the history of the country to supply China with oil, then Saudi Arabia is no friend. And I will not be surprised at all to find out that said oil transactions will have as little to do with the US dollar as a pair of pantyhose has to do with a tennis racket.

With Iran already cutting off the Eurozone from oil shipments, the sanctions against Iran going kaput if they can restart their oil business using the Rial, the Ruble, gold, or the Yuan, China and Russia agreeing to free trade using their own currencies, China already having a deal with Iran for oil, and India joining the party, the West is looking at an unfriendly monopoly on cheap labor, oil, rare Earth minerals used in tech and other sectors, that exists and does business outside of any Western financial reach, that the West’s largest proponents (us) owes its shirt to.

This country is finished. And starting some stupid war with Iran would be the equivalent of a similar decision by Tony Montana at the end of Scarface. With similar results. And Western leaders know it.

Rhynn

In fact, I’ll even go one farther.

A bunch of people know that the only guy who is competing for President with a clue is Ron Paul. Unfortunately, it is too late. I believe the absolute last chance for this country to have reversed course and avoided its iceberg was Ross Perot. Last guy that understood anything about business and taking care of his own.

With his demise, we ended up with Clinton, NAFTA (arguably the official unofficial start of the dissolution of American financial sovereignty), Bosnia, the raping of the real estate and debt markets, and hey. The rest is history.

The repercussions of that cannot be undone. Even by a dream candidate in November.

http://goldenladyfun.blogspot.com Pat

Dude, the game has just begun

Mal R.

No, the game has been afoot for a Century. The END GAME has just begun and people are only just now waking up to that.

We are so far behind the 8 ball, it’ll probably be all over before most Americans even figure out there is a leftist plot to return the US and the world to slavery.

I hope your chains rest lightly on you leftists and may God forget you were my countrymen. Dupes, every one.

mondobeyondo

That’s not official yet, but it’s a widely known fact that some of these countries are slowly moving away from the U.S. dollar. Iran and Russia are among them. They see the writing on the wall.

They know what’s happening. But they are trying to avoid panic. Dumping the dollar immediately would cause panic, and panic would be an obvious red flag. (Think classic “bank run”). These countries are taking the “ease on gently outta here” approach.

ScoutMotto

To #21, the last recorded number of bank bigwigs resigning was 611. It has no doubt increased since then. That’s a lot of folks to be jumping ship or playing musical chairs. It appears that they know something the rest of the people do not.

Graham

In verification of #21:-

A link may prove useful for people to view for themselves. I know of only one person who has done this and I have been tracking the site for the past number of months. Whilst CEO’s and COO’s etc do move around, there is clearly an unusual “spike” and “trend” occurring at the “top”. Whose next? Graphs were put up today emphasising how the matter breaks down regionally.

Note in other news that the Dutch Prime Minister and his Governement resigned yesterday. This was apparently due to the breakdown in austerity talks. This, in addition to France now likely to return a socialist leader in their election, could have striking effects on the European Union. It will be an interesting year in the streets as more people act in unison against mass corruption and debt enslavement. Things are changing very fast. RIP IMF and World Bank? Both are historically Rothschild controlled entities, along with the UN.

I also believe that a global “cleanout” and “cleanup” is imminent. Highly dangerous times are almost upon us as a fight for control is likely to ensue. Everybody should be prepared for “major” transitions, which may at present seem beyond belief. If all goes peacefully, then great. However, some will not relinquish their power without putting up a huge fight and they clearly have control over “black project” materials..

The key will be to maintain calm and positive thoughts, rather than being drawn in to entertaining anything negative! Negativity leads to a loss of inner control, hence becoming prone to outside control. People have to become responsible for themselves and their own actions. Blame is unproductive. Just become knowledgable of the history and the ongoing’s. That way people become better educated into making logical and conscious decisions about their wellbeing and that of those around them. Are we all connected at some level?

Trust your own intuition and listen closely to what your heart is telling you. There is a great awareness that arises when mind, body and spirit are closely attuned with one another. It is years of programming and conditioning that has stopped many from believing it. The human being is far more “powerful” than most have been indoctrinated to believe and it’s time to break that rational and impasse from within. Be your own master and stop awaiting for one to lead the way. The one’s who have been are steeped in corruption, primarily driven by greed.

What some think is going to happen.. is not the full story. Reality only begins where illusion ends. Judge your thoughts by their “feeling” inside. If they don’t feel right, or cause resistance, change what you are doing, acting out, or believing in. Any sign of resistance is a clear sign that you are on the wrong “path”.

And yet the financial markets are expected to open significantly higher tomorrow due to one corporations earnings report: Apple. What’s wrong with this picture? Alas, even the heartiest of Apple’s eventually fall off the tree……

bart

You underestimate the power of CB around the world printing money.. This crisis will drag as long as anyone can imagine.. Japan has been in economic downturn for the last 30 years and still surviving.

Ian

I concur. Also worth mentioning that this article resembles one i read last summer and the summer before that and so on and so forth.

mondobeyondo

And then one summer, it actually happens, and I’ll be saying, “I told you so!!”

http://goldenladyfun.blogspot.com Pat

Right on the money!

Bill

Michael you’re not keeping up with the latest news, “a new America has begun tonight”. Really this headline makes me ill. The same thing all over again, just another buzz phrase and another wolf in sheep’s clothing. Let’s require all wolfs (politicians) to carry red flags!

Bill

Sorry, on the East Coast we are 3 hrs ahead of y’all.

Bill

#23 Breaking News-Mexicans are returning home to a better economy !!!

Benjik

I would rather see them raise white flags.

http://goldenladyfun.blogspot.com Pat

Bill the do carry red flags.

Joe

I don’t understand much of anything, but it would seem to me that when money has to be created out of thin air in order to keep banks liquid- the collapse should already have occured. Left on their own all the banks would collapse in short order because their isn’t enough money in the world to pay each other off.
I wonder how long they can keep up the artificial liquidity?

Thanks JP Morgan! Ya’ll came up with a doozey of an idea with them credit risk swaps!

….the Dutch government collapsed on Monday after austerity talks broke down. This is just unbelievable … how does this affect the Dutch ppl? Like everything and everyone else … I guess they just shuffle along. Wonder what will happen to make a blimp on our radar… the austerity, the abandonment of children, the suicides, Goldman Sachs putting in the own as unelected heads of states.. … nada. Father, please help us on this planet. Amen

mark

We can talk about the mess and we can use our vote, but in the end the best you can do is prepare yourself for what is coming. Stock up on food, water , clothing and all the other stuff that you need to live. You should be starting your gardens in order to grow some food. 2008 might look like a vacation compared to the next collaspe.

As someone who lives in Spain and have lived in Europe for the past 12 years I can emphatically tell you that Europe was never been a wealthy place. It has always been teetering on collapse and all of the handouts from the international community did not matter. Those handouts went into the pockets of certain individuals. Sort of like humpty dumpty who could not be put together again. All the EU programs were just a cover up for the looting.

But more to the point, I do not believe anything will happen in Europe before the Fall. Europeans would not want their Summer holidays lost due to economic stuff. Plus there is too much money to be made in sunny holiday destinations like Spain, Greece and Italy during the tourism season.

However, next winter will be a disaster with heating fuel being very expensive, war taking place, riots over food and lots of news footage. There is a schedule to adhere to and the power players here want to be right on schedule. But let me warn you, the true target of all this calamity is the U.S. So be ready. The European problem is meant to only lend credibility to the necessity of a One World Government, One world Currency and a cashless society. All roads point to the same synthetic conclusion.

America as the land of the free and home of the brave has been openly kicked around by the EU behind your backs for years. The U.S. was made fun of and blamed for all of the EU’s problems. The 911 event was the trigger that set the all rolling. It signaled to the vultures that the giant would soon fall into a cloud of dust.

I know what I am saying having lived here all these years and seen the place from the inside. At the same time confidence by the American people was systematically undermined. This is classical subversion technique used around the world to topple countries. Problem, reaction, solution. They wish to cause people to be demoralized and lose confidence in their system and way of life. If you read the news daily you will see a stream of press designed to create the image of a failed society. Most of these stories are fake news to create that illusion. And then there is TV, radio or firms. Now we can add videos to that growing list of media complicit in psychological warfare against its own people.

But who is behind the take down of America? A better question might be who benefits from such a take down? Its not the Chinese. They are only the stooge of the real intelligence behind this operation. I will just leave that question for you to ponder.

One thing for sure, the answer to the challenges we all face as a people has already been thought of. Its just that we have not been told yet. The issue is not chaos as it seems. It is we the caring, loving, intelligent people who are confused. But the powers that be know what their plan is and we are only bit actors in their show.

As a family caught between a rock and a hard place we would welcome the chance to share our thoughts, experiences and plans. Maybe we can help someone else in the same spot.

One thing has me concerned is the efforts to disable or eliminate and replace defined benefit plans that people have worked so many years for and will lose thousands of dollars and retirement security they have worked so long for. Not only is it happening in local governments, but they are discussing it in some private industries, too, (i.e. NY Times). The huge pension burden is unsustainable for so many organizations and the people will be the ones to feel the brunt of it. Not a rosy future for very many people these days.

Dave

Cheryl, It’s been happening for the last 6 years. My company, midway on the Fortune 500, was absorbed. We had been having deductions taken out weekly for our medical retirement but this was never reported by our state’s newspaper. We’ve been called everything but nobody knew the complete story. We had paid in advance for 100% medical coverage upon 30 year retirement. Now we’re paying, again, for what was supposed to be free, essentially being robbed. Last year it was mentioned in a mailing from our buyer that they’re looking at the pension fund payments. They don’t have the financial means to continue to pay etc .

MisterC

2011 contract at GE, workers hired during 2012 and after will get a 401k. They will not be part of the fixed pension benefit program. In 2011, during contract negotiations, the company sent a letter to the union that said they (GE) had no intent of wanting to get rid of the pension program for all for 8 years. Translation: all of us at GE will be on a 401k in 7 years! Then G(reedy) Electric can plunder the pension fund. Disturbing trend.

http://www.1913intel.com Matt

Here are 22 article headlines that I picked up recently. Just search Google for these headlines if you want more information.

1. Social Security heading faster toward collapse
2. 11 Big Bubbles That Are Happening Right Now
3. When will America Collapse? …..answers from Jim Rogers, Marc Faber, Gerald Celente and others – YouTube
4. Why The Entire Global Economic System Is Doomed To Fail
5. The Rich Could Lose Half Their Wealth in Downturn, Says Faber – The Wealth Report – WSJ
6. Recovery threatened by runaway student loan debt – Yahoo! News
7. Peter Schiff: Market-Crushing Treasury Collapse To Hit Around 2013 – Forbes
8. A World Headed for De-Globalization? | The Weekly Standard
9. Risk Expert Warns of Melt-Downs to Come
10. Despite Progress, Euro Crisis Is Far From Over
11. Brace for China’s impending crash | The Japan Times Online
12. There Will Be Contagion – John Mauldin
13. Why China Will Have an Economic Crisis | Business | TIME.com
14. Next Big Financial Crisis Will Be Made in China – Asia Business News – CNBC
15. The end of state capitalism in China?
16. World Bank warns: China is a ticking time bomb – Paul B. Farrell – MarketWatch
17. Europe on the Brink — A WSJ Documentary – YouTube
18. 3 doomsaying experts who foresee economic devasation ahead – USATODAY.com
19. Is Portugal the Next Greece? | SPIEGEL ONLINE
20. ART CASHIN: Forget Greece, Traders Are Worried About Something That Could Send Us Back To The Middle Ages
21. Moody’s Warns 17 Banks Could Be Downgraded — Credit Suisse, UBS And Morgan Stanley Could Fall 3 Levels
22. A Warning Sign For The World

blueridgeviews

And the US markets keep going up.

It’s all coming apart

Should have waited one more day to publish this article and you could have made it 23 reasons;

UK Returns to Recession in First Quarter on Building Slump
Bloomberg – ‎1 hour ago‎
The UK economy shrank in the first quarter as construction output slumped, pushing Britain into its first double-dip recession since the 1970s.

Michael

It’s true – so many times I will think that I wrote an article a day or two early.

Michael

Benjik

On the flip-side of that coin, think of it as “job security”, the material you have to work with is seemingly endless!

William

Did you watch the recent PBS FRONTLINE show on how Wall St created the derivatives monster that will destroy the financial world?? Clinton’s head of the CFTC tried to bring some regulation and oversight to these unregulated investments, only to be shut down by Rubin, Greenspan and Summers. The total of derivatives world wide is in the hundreds of trillions of dollars. If that begins to unwind, it will make the 1930s look great.

Jeremy

Saw, and taped, the same thing. That is real information, and the second part of the series will be May 1.

pete

Normally, when they lose…..they swat all the pieces off the table and THEN, it’s game over.

Good. I am tired of waiting…it’s pathetic. When an animal with broken legs is twitching on the edge of a road it is merciful when a trooper stops and shoots it, ending its pain and misery. State Trooper Barack Obama to the rescue.

CaliPrepper

Reuters reported today that Britain has fallen back into recession.

Cleo

I prepare using the GAFF approach…..guns, ammo, food, and fuel. Throw in some cash and some precious metals and you should be in good shape.

June

What about CBS News video: Radiation in Fukushima: An invisible threat – Japan. Radiation is in our water all of our food. We have been buying all of it from Japan and no one has been monitoring it. Some private company’s have and it is realy scary. Also BP oil spill and mutated fish. Why didn’t anyone do something on both subjects. The gov. hides so much stuff it’s scary. World is collapsing both financially and physically. What is wrong with this pic. I am sorry but I care about people. I wish there was something I could do.

markthetruth

added to 22 according to the US debt clock the total currency and credit derivatives is reaching a new unheard number called “QUAD TRILLION” When the tree dies the leaves will come falling.

http://n/a Peter

Very scary indeed. There goes the World Economy. All I can say is, get yourselves prepared people.

Global financial collapse cannot be avoided at this point. The numerics show us its impossible, and no nation has taken the TRUE austeroty measures needed to do the job. We’ve had “minor inconvenience” measures, but nothing austere. You’ll know austere measures when welfare after welfare state (the US included) has to declare bankruptcy and then NO ONE gets ANYTHING.

Like I keep telling the economically illiterate (looking at you GARY), the laws of economics don’t get suspended because we are high on hopium. We HAVE to cut spending, not merely slow the rate of increased spending and calling it a “cut”. Not only do we need to cut spending, we need to cut is DRASTICALLY, and that incolves entitlement reform. That won’t happen so prepare for the Titanic impact we are about to face economically.

Gary2

Tax the rich hard and spread the wealth. Also tax corporations who are sitting on record cash reserves. Obama can put that money to much better use than some scum corporation.

tak

gary2 do you mean more obmama money to places like solindra how did that turn out

Malcolm Reynolds

They already are spreading the wealth. You’re just too stupid to realize it’s not being spread to parasites like you. It’s going to ObaMao’s crony capitalists here and overseas.

Ian

clever. Calling obama a communist and a capitalist in the same sentence. Real intelligent mr. reynolds.

What is he? a commie or a capitalist pig?

McKinley Morganfield

You haven’t been paying attention for your entire life. The big, multi-national corporations are in bed with your ‘progressive’ knights in tarnished armor. You live in a 2 dimensional, black & white world and fail to see reality. You are but cannon fodder to your ‘progressive’ masters.

How can a corporation claim big profit on the stock market and at the same time claim big losses to the revenue department that exempts them from paying tax?

Next time a non-tax paying company that pays big dividends shall have those dividends confiscated, the appropriate tax charged, the financial officer and CEO arrested and put away for 2 years and their wealth put into infrastructure, hospitals, kindergartens and schools.

Let the companies flee all to the Bermudas, then tax everything that comes from the Bermudas and other tax havens double.

john.s

no surprise. the thing that i find most interesting is that the stock market is still way UP! (talk about Manipulation!)

paul

Where else do you want to put the money? Housing, manufacturing, gold?

Evie

China is building factories in alabama, probably ga too. Bankers are getting out so they can collect their huge pensions and compensation packages. No one is left to take out subprime loans. Their game is over. It is down to bare bones_real money and true earnings. Easy for the poor , impossible for the elite.

http://economiccollapse jackier

#1 – Wasen’t there a large insider selling just before the 2008 collapse?

005

The thing that amazes me is, how the entire system keeps dragging itself along day-to-day.

And, how most people just accept the declining value as just another day-to-day fact of life.

You feel like a watcher on the wall, and there’s no one who has a clue to any of this. At best people know that “money’s tight” that’s it.
Maybe ignorance is bliss.

It’s not easy to print these words.
Thank’s for this forum to at least speak about it.

Michael

Feel free to share your thoughts here any time.

Michael

Stan522

From my observations I see there are those that either believe we are headed for a collapse, or they are oblivious and completely deny any trouble is headed our way. It’s kind of like believing in the “End of Times” or not. It’s that drastic of a comparison.

rich

looks like a great opportunity to get long. must look wrong to be right

I read this article. I can understand why so many people want to leave, but I wrote the other day that I think it’s our responsibility as American citizens to stand up for our freedom. We should be here to defend it. I think we will win if people wake up.

Kathy Smith

Prep & pray that is all that is left for us 99%ers to do. God help us!

Rusty

Yeah, we keep hearing this,”end of the world” story again, and again and again.

We’re years away from a collapse, people. Don’t buy into the hype.

Remember how bad 2011 was supposed to be?

Malcolm Reynolds

“We’re years away from a collapse, people. Don’t buy into the hype.”

OHHHHH! We’re YEARS away from experiencing the fallout of 700+ TRILLION dollars of debt failure. Pfft, nothing to see here – move along people. DUPE!

paul

oh yes, that was the year hen germany’s exports exceeded 1 Trlion for the first time

Fooch

Where do you think that hype comes from? The media. And they paint a very good picture as to why it should happen. Then they do something like a huge bailout that no one expected. The ship SHOULD have gone down a long time ago; however, they keep stretching it out. It can’t sustain, that’s just common sense, to some. But they have succeed at making people think like you do, that’s for sure.

mondobeyondo

Interesting – the PBS show “Frontline” had a program on last night about the 2008 financial crisis. Very intriguing – especially the second hour.

Basically, it explained that much of the crisis had its roots in credit default swaps, mortgage backed securities, and the housing bubble. Subprime mortgages made the housing bubble grow, and inevitably made it pop. It’s a long, twisted story, but it goes something like this:

Bear Stearns was one of the investment banks that bought up a lot of those toxic assets. They bundled this subprime trash and lended it to other Wall Street banks. Well guess what? The subprime rates “adjusted”. Mortgage owners couldn’t pay those cheap teaser interest rates anymore. These owners went underwater. The big investment banks were stuck with the bag.

Now it was Lehman Brothers’ turn. Now, Lehman Brothers was the 4th largest investment bank in the world. A Wall Street legend. But they had the same problems as Bear Stearns – too much toxic asset trash. So THEY went to Geithner and Paulson and asked for help. This time, they said, “Nope, you’re on your own”. And so they were. Lehman filed for bankruptcy about a week later. Bye bye, Lehman Brothers.

Next up: AIG. This corporation really was “too big to fail”. The AIG execs made the same request to the government to bail them out. Geithner and Paulson got nervous, and nearly crapped their pants. They didn’t want to help AIG, but realized that if they didn’t, the entire U.S. economy would have a meltdown.

The Fed and Treasury stepped in. And voila…
TARP was proposed. And eventually Congress passed it.
————————–
What does this have to do with Europe? A lot.
[explanation coming soon. I need some sleep]

Michael

I wish I would have caught that program.

Michael

mondobeyondo

It’s a 4 part series from what I understand. You might be able to view it online on pbs.org. What I’ve seen of it so far was excellent.

The powers that be will use the time tested trick Lets all get together and have a grand world war it always works, Kill off the surplus people and reestablish industrys that produce war material, Happy days will again be here and the upper 1% will be even richer.

REB

The 13 Illuminati families are deliberately imploding the global economic system they created out of thin air for one reason; to abolish this present system for their NewWorldOrder economic/spiritual/political system under their new global leader whom the Bible refers to as the ‘Antichrist’ and the ‘false prophet’ who will be known as Petrus Romanus or Peter the Roman; who will force everyone (Whose name is not written in the Lamb’s Book of Life) to worship the Beast and take the ‘mark of the beast’ in their ‘right hand or forehead’ in order to buy or sell in the new system. It’s all written in the Book of Revelation, so read it for yourself and don’t fall for the LIE; because to willingly participate in the NWO Beast system will cost you your eternal soul. To read more about Petrus Romanus, check out Tom Horn’s new book of the same name: http://survivormall.com/prophecyandendtimes.aspx
Give your life over to Yeshua ha Mashiach (The Lord Jesus Christ of Nazareth) while you can. He already pauid for all sins when He was crucified on the cross nearly 2000 years ago. Confess to Him that you are a sinner in need of His salvation, ask Him to forgive you and ask Him into your life – today, right now and confess Him before men, be baptised by water immersion and watch Messiah Yeshua – Jesus change your life and save you from what is quickly coming upon this world. reb

Colin

Christy Romero, the Special Inspector for TARP (Troubled Asset Relief Program), submitted a report to Congress this week. In the report, she writes that the government will not see a profit from TARP, and counters the Treasury Department’s argument that the program has been successful. She writes further that TARP will probably not prevent future financial disasters, and that the program may in fact be laying the foundation for this disasters.

America and Europe have been living way too high off the dollar hog for a long time.

With a deficit of 15.7 trillion deficit it is expected that Americans will be subjected to austerity measures. According to the U.S debt clock site, federal tax revenue is projected to increase from 2.3 trillion today to 3.6 trillion by 2016. It is projected about 123 million Americans will be paying taxes by 2016. That comes out to yearly increase of $10,600 dollars per taxpayer.

Food prices continue to trend upward. Do you notice that the food packages and portions served at restuarants continue to get smaller?

I imagine that will not sit well with a lot of people in America. You can only kick the can down the road so much. Our system of accumulating astronomical levels of debt is not sustainable.

Colin

Norm Ornstein, a political scientist and a member of the American Enterprise Institute, predicted that our country may face a major fiscal crisis in January 2013. This is because of intransigence from both parties.

#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade. Do those insiders know something that the rest of us do not?

So has the Fed using QE money pumped up the stock market to enable the rich elite to dump their shares at the price they were before the crash in order to buy back in after the coming crash and make mega bucks?

dawn

THE TIMES ARE VERY HARD AND CHRISTS RETURN MAY BE NEAR. BUT THEIR IS HOPE IN CHRIST, 2 CHRONICLES 7;14 SAYS
IF MY PEOPLE WHO ARE CALLED BU MY NAME WILL HUMBLE THEMSELVES AND PRAY AND SEEK MY FACE AND TURN FROM THEIR WICKED WAY THEN I WILL HEAR FROM HEAVEN AND WILL FORGIVE THEIR SINS AND WILL HEAL THEIR LAND. GOD ALWAYS KEEPS HIS PROMISES. IT IS UP TO MAN TO BE REAL WITH GOD AND DO IT HIS WAY. THE U.S. HAS KICKED GOD OUT OF EVER PUBLIC PLACE NO WONDER WE ARE WHERE WE ARE TODAY.

Paranoid

Go read YOUR Bible, If I wanted JC’s opinion I’d ask him

Lucille

End of 2012 the dollar will be dead. China and Japan signed an agreement to trade together leaving the American dollar out of the loop. India is buying oil from Iran with gold. America can’t buy oil from Iran, because our dollar is fiat and worthless. Saudi Arabia is building if not already finished, the largest oil refinery in the world in China. They buy oil with gold. The crash will come after the 3rd quarter this year 2012. They are building debt all over the world in as many nations as they can, on purpose to make it easier to offer the solution. The New World Order. They want collapse to bring order. Pay attention to Europe begin to pull out now if you can. Pay more attention to the derivatives market when it begins to crack we are doomed!

karen

Food Shortages / History Repeat Themselves What Happened Before Instructs Us
In the Weimar Republic in Germany, there was a riot where mounted police tried to calm the crowds. The police were knocked off their horses and the horses were butchered in the street, with people running away with chunks of meat. Desperate people will do desperate things.

karen

I think you are doing an awesome job there Michael, you are being honest, and when the crap hits the fan you will know you have done your best to warn people. I do my beat to do the same, but most just won’t listen, you can only do your best. Thank-you

Michael

I am trying Karen.

But I do get tired sometimes.

Michael

Paranoid

Relax M. You have done a good job trying to warn people. No good would come from forcing people to get ready. Those kinds of people are the problem, not the solution. Overall smart good people will do better and help each other, Smart bad ones won’t help each other so they will lose, and the stupid of both kinds are mostly useless.

Tobias

On 05/25/2012, Ron Paul Supporters across America should gather together to discuss the idea of Dr. Paul running on an independent platform and brainstorm a clever strategy on how to launch a parallel campaign in the event he is denied the opportunity of becoming the Republican presidential candidate. The end goal is witnessing Congressman Ron Paul announcing his presidential bid as an independent the same day America celebrates Constitution day: September 17th, 2012.

Ominous signs indeed. My question is when there is another global financial meltdown, could there be a run on the banks here in U.S.? FDIC assures deposits of up to $250,000 will be insured, but if there is a bank holiday people may not get access to their money or end up losing their savings. So, should people just take out their savings and just leave a little for basic expenses?

mondobeyondo

Yes, there can be a run on U.S. banks. And there will be. If Europe collapses, the undertow will bring the U.S. down with it.

“#22 – The 9 largest U.S. banks have a total of 228.72 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy…”

I would bet doughnuts to dollars (they’re worth about the same, hehe!) that much of that exposure is to indebted European banks. That’s not good.

Nearly $230 billion in derivatives? Wow. Oops. I meant TRILLION, with a “T”. Are you scared yet?

Sam

Thanks for your input. Not scared but deeply concerned. A lot of people are going to be hurt by the reckless actions of the Fed, big banks, foreign governments etc. I hate to see when the financial meltdown arrives, but now is the time to get prepared as Michael says.

April

You are prophesying about LOTS of people losing their jobs and then you make articles like “The Hard Working American vs. The Government Parasite”. You know, there are “hard workers” that are porn surfing on their jobs. There are a LOT of people trying to get a new job, but there are no jobs. You are very unbalanced!

mondobeyondo

Is that because these government workers have nothing better to do than watch porn on the job?

There’s lots of work to be done. If those people would rather watch porn – fire them, hire me, and let’s get something constructive done.

Hendrik Mills

April, Michael is not unbalanced at all; the world and the nation are unbalanced. Michael only points out two different facts: One, the United States economy is likely to impose much greater joblessness and hardship on us, soon. Two, the moral character of us, the modern Americans, has fallen so low that many workers do in fact watch porn or do other unproductive things when we are supposed to be working. These two facts are connected, because both are the result of a long-term spiritual decline among us ordinary people and among our leaders.

http://n/a jgouig

“Spiritual”, or something LIKE it. But whichever, Dude, you express yourself the way all people should: simply, clearly, and intelligently.

It’s actually not all that easy for most people.

OldFart

Unfortunately it’s true, there are a lot of good Americans willing to work but won’t get hired…

Peter Jorgensen

Economic Collapse(EC), conclusion:
“The good news is that there is still a little time to get yourself into a better position for the next financial crisis. Don’t leave yourself financially exposed to the next crash.”

Between_the_lines: In other words: “Save yourself”.
EC lists all the symptoms showing the ship is sinking, but never analyzes WHY the ship is sinking or what the crew could do to save it. No! EC shouts “every man for hmself! Just make sure YOU are in the first lifeboat!”. This guy is no George Washington.
He is a Libertarian, and libertarians are against government, nation and country. They want no national government, no nation and open borders.
The correct analyis is: the of state is not sinking, it has been hijacked by pirates, and needs collective action by the crew(nation) in order to overcome them and make them walk the plank.
The libertarians are just clearing the decks to enable the Pirate takeover. All the libertarians are doing is telling each crew member to take lots of food and go to his cabin and lock the door, and pretend the rest of the crew and the pirates don’t exist. Well the Pirates do exist, and they are the private-currency Ponzi-scheme Parasites who infest nations from within. And the correct solution is to rally around the flag, and purge the parasites.

Every nation is drowning in debt(1). If the nations were loaning the money to each other, there would be net creditor nations as well as net debtor nations. But no – they are all broke! So who do they all owe the money too?! Someone must be a net creditor, debits must always be balanced out by credits somewhere. The answer is the private issuers of the private currency(including $ and €) nations rent.
The last segment of this Video
h**p://www.youtube.com/watch?v=JXt1cayx0hs (copy-and-paste with “**” = “tt”)
..explains the correct collective fix. The line on the bottom is marked into 6 major segments, just drag the dot to to the start of the last segment.

FOOTNOTE: (1) Color-coded map: National Debt by country h**p://www.visualeconomics.com/gdp-vs-national-debt-by-country/

mqg25

There are several schools of thought on Libertarianism. Before you paint it with a broad brush it depends on what philosophers you read. Today most of those who call themselves libertarians take their ideas from Jefferson , Locke, Grotius and Hobbs which advocate limited government but differentiate on where your natural rights come from, social contacts and who controls them.
There are some radical schools of thought called Anarchism which do advocate no government or social controls,i.e’Norm Chomsky.
On a scale of 1 to 10…1 being no goverment ie. anarchy and 10 being absolute government control, libertarinism would rate a 3. We are currently under a 7…and where it goes from here?

Sam

Peter I could not disagree more with you. Michael is doing us a great service by informing us what the lame mainstream media will not. I don’t think he is a liberal and unlike your claim Michael provides solid analysis on economic issues. Also, he has given us information on how people can prepare for the economic crisis. Another thing, interest/usury is a primary cause among other reasons for the global financial crisis. Interest should be eliminated as it just enslaves the debtor into more debt!

tex

I see very little analysis and even less solution in Michael’s “information”… just a lot of Chicken Little…

davtay

Peter, Do you honestly think the little guy can have an impact on “the private-currency Ponzi-scheme Parasites who infest nations from within”? I suggest a man’s first responsibility is to protect his family as best he can under the circumstances. And, yes, this does include having an adequate supply of food and water and the means to protect it and his family. You also said, “They want no national government, no nation and open borders”. We do want a national government that protects its borders, makes and enforces constitutional laws that apply to all Americans equally (including ALL elected officials),supports a strong national defense, and that stays within the confines of the CONSTITUTION. The problem we have created is a population of freeloaders down to the second and third generation. These people are going to continue to vote in the socialist progressive who promises to give them the most “freebies”. I could go on for pages. The last and most important thing I have to say to you and everyone else is this — nature abhors a vacuum. We took GOD out of our nation and evil filled that vacuum. You may think you have the answer, Peter, but, the correct answer to what ails this nation is to put GOD back in.

jhpace1

I have to agree with davtay against Peter Jorgensen. In the analogy, if pirates have taken over the ship, and convinced the crew to work as slaves, then hiding in your cabin with food and water may be the only option. These pirates have all the Captain’s weapons at their disposal, as well as strong-armed men.

The analogy breaks down because the bad guys read history books too, and each dictatorship tries to make itself more self-perpetuating than the last attempt. In other words, the pirates have hostages and are sending goons to inspect the rooms of the ship for holdouts. Pirates with swords and guns are going to be beating down your door to get you and your stuff.

You can try to “shoot it out” when peaceful means do not work, but wars of attrition are only successful when the population is sympathetic or united. Too many are dependent upon the welfare state, and unwilling to help others. Isolated pockets of holdouts are what the police state and the concentration camps are all about.

Mr. Jorgensen, people already in power are going to have to stand up and take vocal action against the pirates. And lose their military pension, their judge’s position and pensions, and be subjected to the media machine. Secrets need to be told, witnessed, and recorded for grand jury convictions leading to criminal trials. The pirates need to be caught and given long jail convictions. The crew of the ship is complicit in allowing the pirates to run the ship, because of hostages and their meager rationing. Insurrection through the system and against the system is the only choice.

Graham

Are “99” little guys more powerful than “1”, when the “99” act in unison? The “1” keeps the “99” divided and distracted for a reason. Don’t be distracted any longer.

“You must be the change you want to see in the world” [Gandhi]

Reese

Libertarian? Constitutionalist? liberal? Conservative? Right now it just doesn’t matter what you consider yourself or others around you. The proverbial “boat” IS going to sink and take us all with it regardless of what name you give your ideology. The main point is, can you and your family “swim”? There is going to be a time to fix this mess. However, now is the time to make damn sure you and your family won’t be standing in the Gov. hand out line trading your soul, your pride and your freedom for a loaf of stale bread when every thing goes to hell. Rest assured, when the bow of the ship dipps below the waves we will be much closer to 1776 than now. The modern day tories will be much fewer in number as this begins to touch all of our lives. God bless.

Ron

Agreed. A private central bank will never work. Due to the compound nature of interest, debt will always outpace the ammount of currency in circulation.

Bryan

I totally agree with you Dawn just as people ignore the signs of the financial crisis headed our way so they pay no mind to the signs of Christ’s second coming…these financial problems is a part of it. soon a one world order will be inplace it may be coming faster than we realize.

One Truth

Hi Bryan,

You are more correct in what you have said than I feel you realise…..Jesus Christ’s return with the “first fruits” the 144 000 (Gods government)is just around the corner….you will not believe how close it is.
When WW3 begins, and the nuclear bombs go off, dont lose hope, God will intervene to stop us from destroying the world.
Man has had his 6000 years to rule, now it is God time.

The booklet US & Britain in bible prophecy will help those that want to know why America is falling apart. God has forfilled the birth right blessing he promised to Abraham, Isaac & Jacob….now his blessing & protection has been taken away, for many years now.

Jena Louise

Bryan and Dawn: You are so RIGHT. I’m hearing this JUNE or JULY…. the NEW ONE WORLD ORDER is coming. This June Obama and the UN thugs are meeting in Rio and then it will begin in the U.S. And I also BELIEVE JESUS is coming TOO! ALL the bibles prophecies have been played out. It’s SAD that MOST Church’s are NOT talking about it, although ALL Christian Leaders got together a few years back (Catholic, Protestant, Baptist, Luthern, etc) and they wrote an article on how ALL the prophecies are happening currently starting in Nov. 2008 with the Election of Obama, etc. Notice the disasters with the WEATHER? Well, GOD is ANGRY PEOPLE. WAKE UP, Start repenting and praying NOW!!! For “The UN AGENDA 21 – ONE WORLD ORDER” GOOGLE to get informed: “Tom DeWeese AGENDA 21″.

Bryan

I agree Dawn his return is on the horizon, sadly just like our soon to come economic crisis people miss the signs, and so many everywhere are missing the signs of the 2nd coming, this article good one at that is a sign we are rapidly heading for the one world government under the antichrist.

STOP THE MADDNESS

Fed sees more growth? Don’t count on it. Recession ahead.
‎Christian Science Monitor – 15 minutes ago
Despite the Federal Reserve’s brighter outlook for the economy, consumers won’t spend enough to keep the US from sliding into a moderate recession this year …

I am so glad this whole thing is starting to unravel, I know a lot of people are going to get hurt with whats to come including myself, but we need to get this pain over and done with and start fresh if we want to get our sanity back..
Dragging this out is like a mental patient being sedated and restrained in 4 points, instead of getting the help they really need.

Phillip Sherwood

Sorry everyone. No collapse until AFTER the election. At least the politicians hope so.

Paul

Ron Paul 4 President!!

mondobeyondo

As much as I wish it were so, it appears to be Obama vs. Romney at this point.

Dirk Dingle

You scared?

BlueFlag

Your article came out at the wrong time.
The market is up today, and yesterday.

blue calls

blueflag please reread #1 red flag again and you will know why the markets are up there will be a crash like always thanks……

Kevin2

The #1 was always a prime indicator for me. When the board of directors sells you can bet on a drop coming. When various boards of directors sell it’s even more alarming.

Cinderella Man

Fox Business this morning said that the UK is officially back in recession again. Also orders for durable goods in the US are at their lowest levels in 3 years. Sounds like a fine hope and change recovery to me. Another red flag is the tax armmegeddon that awaits us at the end of the year. Couple that with possible enviromental calamities (Fukushima, tornadoes, drought and fires) and the Mayans look right a little more each day….

http://prophecyupdate mark

Nothing to worry about. It’s all suppose to happen for the Word of God to be fullfilled.

Historically, gold, silver, and copper were used as monetary based on their
fair value as exchange medium in fair trade.

Now, gold and silver are both dismissed from their monetary function. Only copper
is the only metal still left to be used as money. Even so, the copper monetized
today is based upon its face value and not upon its fair value. As such, the
basic form of human ties in transaction is therefore corrupted and not a fair
trade among us anymore.

This calculation was intended to bring back the fair trade for the sake of
just in mankind. Copper will be used as the basic reference, and solely on its
fair value. In monetary term, USD will be used as unit only because of it
recognition worldwide.

As such, the dime will be pegged to its face value as unit only, and copper and
nickel price will be adjusted accordingly. (or else fixed the metal base price
and issue new coinage with fair value weightage/content)
Base value copper new = USD 0.04/g
Base value nickel new = USD 0.09/g

Further to this, all good will be priced accordingly
Old silver price USD 1.25/g to new silver price USD 6.25/g
Old gold price USD 56.25/g to new gold price USD 281.25/g
Old rice price USD 0.75/kg to new rice price USD 3.75/kg

With the standardisation of all goods, based on dime unit which transpire on
copper value, gold and silver can now be used as money again against the fiat
money. Any price fluctuation for any goods now will solely be on its actual
fair trade with only stock manipulation rather than purely fiat money price
manipulation based on credit without stock. Stock manipulation is more easily
apprehended and therefore more risky for the manipulator, other than the
lifespan/storage/delivery limitation of the goods. Hopefully in the future, the
rich with whole lot of gold and silver, realised the agony of safekeeping their
wealth/fort, will not recreate the same fiat system again, but acknowledge the
real joy of giving with real goods and not fiat IOU paper.

With the gold and silver standard back again, foreign exchange will now be
back to fair barter trade again. Gold and silver as the commonly accepted
exchange commodities will only exchange hand when the nations traded do not
have common commodities of interest to barter.

In monetary unit, the gold and silver exchange rate when in foreign countries
will depends on the other countries base metal money.

Thus, the exchange rate US dime/Canadian ten cents = USD 0.02/USD 0.007 = 2.8
( because the dime base value was based on old price, the same applies to the
Canadian ten cents. Both must be on the same, either old or new will still give
2.8 )

It’s too late to save pre-1965 dimes and quarters – those are no longer in circulation – but there are still pre-1982 pennies floating around out there. The copper content in those coins (96 percent copper, 4 percent tin at the time), is worth almost twice the face value of the coin itself. After 1982, the U.S. Mint switched the metal content of the penny to 96 percent zinc, with a copper coating on the surface. I know. I used to collect coins as a kid.

Find as many of those pre-’82 pennies as you can, and save them in an old coffee can or something (I prefer empty Maxwell House cans, but any receptacle will do. hehe)

mondobeyondo

Okay… so what does the 2008 financial crisis have to do with the upcoming 2012 financial crisis?

It’s worse, a lot worse.
In 2008 it was big investment banks on the brink. Now, it’s entire countries in Europe (and their investment banks) on the brink. And no bailout plan on earth is enough to save them.

It’s going to bring down entire governments (it’s already happening in Holland. France may be next – French President Sarkozy is on wobbly ground). And those countries aren’t even being directly affected yet!

What happened on the small scale level in the U.S. will be brought to the international level in Europe, and for many of the same reasons. Bad loans. Not subprime loans as in the U.S., but government loans made by Greece, Italy, Spain, Portugal, etc. The same result, just on a much larger scale. What happened to Bear Stearns, Lehman Brothers, AIG – IT’S ALREADY HAPPENING!!

Look at Greece. They’re in a world of hurt. Can the ECB/Germany bail them out? Is Greece “too big to fail”? How about Spain? Or Italy? What if they are not bailed out, and are just allowed to collapse, like Lehman?

Oh yeah, remember the derivatives exposure that U.S. banks have. You think we’re safe here in the good ‘ol USA? Ha ha… The Dow Jones and Nasdaq already respond to whatever is happening in Europe. Any negative economic news from Europe gives U.S. stock markets the jitters.

The world economy is walking a tightrope, especially in Europe. Hopefully the European leaders are very good tightrope walkers, because it’s a loooong way down, and there’s no net underneath.

Your Johnson

Been reading blog for a while. I’m pessimistic, but not to the point of posting doomsday after doomsday (all hell’s going to break loose tomorrow)messages. Seriously, have a glass of wine and relax.

Ralphieboy

Many conflicting signals now. Durable goods orders are down by more than four percent, but consumer spending is up. Concur that all strings will be pulled prior to election day to keep the game going. But also consider this: A global collapse hurts everybody, even the elites. I am not so sure a sudden global collapse will occur -but rather we’ll have a slow but steady spin into the deep abyss. Too much shock and chaos and revolution reign. Better a gradual descent into misery. Either way, most of my business associates are fully aware and are personally preparing – converting assets into traditional stores of value – precious metals, agricultural property et al. Seems also to be the case for the corporate execs unloading their shares. But I have one question. Where do these “retired” bankers go? Any retiring bankers out there willing to tell us what’s up?

And by the way – a comment for Peter Jorgenson. You really have libertarians all tidily summed up, don’t you? You might check your assumptions. Libertarians are not for no government, only small government. True libertarians are not for private currency – but for currency backed by the fixed store of value offered by gold. This approach eliminates a fractional banking system which lends money it doesn’t have – or creates money from nothing to mire the world in debt, a simple way to hold massive leverage over nations and political systems. Keynesian economics was the academic excuse which has rationalized this process. Keyenes, by the way, was a Fabian socialist – a philosophy that advocated a non violent approach with the goal of pure communisim.

The real pirates are the central bankers who have made this president moribund scenario all possible.

McKinley Morganfield

“… a wealth surplus of close to 150 trillion$$$.”

“You are traveling through another dimension, a dimension not only of sight and sound but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone!”

There is no wealth surplus of $150,000,000,000,000 in this dimension or this planet.

What is a ponsi scheme? It is were the income of the borrower cannot sustain the payments, forcing the borrower into an increasing debt cycle of increased borrowing to make payment(Quantative easing). This unfortunately does not solve the problem in simple lending terms if you cant afford your current loan how can u afford the new increased loan It cannot and will not be solved by increasing the debt,There is only one way out of a ponsi scheme, that is to write down the outstanding balance.My experience tells me that if you subtract the actual amount lent against the actual amount repaid the balance left is all interest. a write off simply means no profit has been made. however this write down is currently being passed on to Joe public by the decrease in value of everyones assets, leaving the bankers of this world with there interest in tact and still payable.

Paul

I witnessed dark clouds yesterday on the highway.
I switched on the wiper and avoided changing lanes, just going straight ahead, leaving a bit of distance to the guy in front.

And everything worked out just fine. No jam, no accident, no breakdown. Just a bit slower than the usual 20 miles over the speed limit.

Paul

Spain prohibited COMMERCIAL cash payments. That is B2B cash payments!

It is prohibited in most places anyway. And when was the last time you used cash in the US?

http://cynicalboy.wordpress.com/ Sunny Dhillon

A Good post when it comes to the facts. No doubt the global economy will recede further due to the possible collapse of the EZ however i doubt it will be as bad as it sounds…….

DO NOT pay attention to the stock market BUT instead pay attention to the DERIVITIVES.

Lewis

Throw in Climate Change,Earthquakes,Volcanoes & Other Disasters between Now and 2030 and there is little hope for civilization of making it past 2030 at best! No wonder people focus on eat,drink and sleep with Mary! Porn! Obsession with porn and the so called good life is a distraction to the COLD BLOODED REALITY THAT THE PARTY IS JUST ABOUT OVER!!! AND THERE IS ONLY DECAY AND DEATH IN OUR FUTURE!

SMASH THE CONTROL MACHINE

AMERICA OR Babylon trades with all the nations of the world, and forges the most complex trading and merchandising system the world will ever see. This trading system is forged over many years, and Babylon slowly waxes RICH, AND BECOMES THE RICHEST OF ALL THE NATIONS!! It is this trading system that propels BABYLON TO THE HEIGHT OF HER POWER. Via her wealth, she can afford the greatest military machine ever seen upon earth! She can afford to spend the money required to build huge corporations, huge foundations, because wealth begets more wealth!!

THE MERCHANTS OF BABYLON CALLED THE GREAT MEN OF THE EARTH.

One of the other key parameters to identify Babylon is that her merchants are called the GREAT MEN OF THE EARTH:

“…FOR THY MERCHANTS WERE THE

GREAT MEN

OF THE EARTH;

for BY THY SORCERIES WERE ALL NATIONS DECEIVED

(Revelation 18:23).”

This parameter is very strict in truth, for it requires that Babylon’s merchants BECOME THE LEADING MERCHANDISERS OF THE ENTIRE WORLD, and that their CORPORATIONS become GIANTS OF INTERNATIONAL TRADE. forging the most powerful trading system in the world. The corporations of Babylon grow to be huge conglomerates, which become MONOPOLIES, and their wealth becomes staggering. They have corporate headquarters in most nations, and their trading system forges a web that covers the entire globe. This large end time trading system is more powerful than Governments, and in fact, FORGES THE INDUSTRIAL- GOVERNMENTAL-MILITARY COMPLEX OF THE ANTICHRIST!

Does Iraq fit this parameter? Does Iraq have the largest corporations of the world? Does Rome? Does the EC? We know the answers to this. America, with her IBM, 3M, EXXON, GULF OIL, and long list of other huge corporations SPANS THE GLOBE, AND TRADES AND DEALS IN EVERY NATION UPON EARTH. Indeed, America fits this parameter like a glove, AND NO OTHER NATION UPON EARTH CAN BOAST OF THIS ACCOMPLISHMENT. American corporations have industrial plants all over the world, and their trading system has in fact formed a web that covers the whole earth, and has also forged an industrial, governmental and military complex the likes of which have never been seen before!!

The very center of this huge trading colossus is THE GREAT CITY BABYLON, NEW YORK CITY. The largest corporations of America, and the world, have headquarters or offices either in or near NEW YORK CITY. TO CONDUCT TRANSACTIONS ON WALL STREET and the World Trade Center. The largest stock market in the world sits in New York City, with the DOW JONES AND NEW YORK and AMEX STOCK EXCHANGES! If Wall Street falls, THE ENTIRE WORLD WILL FALL WITH IT. If the American business machine fails, THE ENTIRE TRADING SYSTEM OF THE WORLD FAILS WITH IT. The “rich men” all have offices in New York, regardless of their HOME NATION. New York is THE IMAGE OF BABYLON, THE GREATEST CITY IN THE WORLD.

“And the KINGS OF THE EARTH,

who have committed

FORNICATION AND LIVED DELICIOUSLY WITH HER,

SHALL BEWAIL HER,

AND LAMENT FOR HER,

when they shall see the smoke of

HER BURNING

(Revelation 18:9).”

They wail and bemoan this mighty NATION BABYLON, for when Babylon is destroyed, THEIR ENTIRE TRADING SYSTEM GOES UP IN SMOKE WITH HER. Because most of the merchants of the earth have their money tied up in U.S. stocks, U.S. CORPORATIONS, AND LAND INVESTMENTS, and many have their gold and silver stored in America, when AMERICA IS DESTROYED, THEY ARE INSTANTLY BANKRUPT, and the entire system crashes to the ground! New York City REPRESENTS the wealth of America, just as the GREAT CITY BABYLON represents the wealth of THE NATION BABYLON. When the CITY BURNS, the NATION BURNS WITH HER.

Thus we can prove that America, the MIGHTY BABYLON, is the central hub of all world trade. The VELOCITY OF EXCHANGE in WALL STREET is unexcelled in the world. NEW YORK CITY IS THE WORLD’S FINANCIAL HUB, something that even the world’s largest bankers and financiers readily acknowledge in their writings. CNN’s MONBEYLINE announces it on every program!! Indeed, THE AMERICAN BUSINESSMEN, THE AMERICAN CORPORATE LEADERS, ARE THE GREAT MEN OF THE EARTH. With their INTERLOCKING DIRECTORSHIPS, with their connections to GOVERNMENT AND MILITARY LEADERS, these men wield tremendous power, and they are referred to as the “RICH MEN OF THE EARTH”. The word “Great” means LORDS. THUS THEY ARR THE “LORDS OF THE EARTH”.

You see, the entire BABYLONIAN SYSTEM is primarily ECONOMIC. It is from this ECONOMIC BASE that it has the power to forge a ONE WORLD GOVERNMENT, ONE WORLD RELIGION, AND A ONE WORLD ECONOMY. It is the G-7 nations that are pushing for THE NEW WORLD ORDER. The G-7 are the richest nations upon earth! THE BIBLE DOES NOT LIE. It is from this economic base that the RICH MEN OF THE EARTH have been able to weave their web of financial control and then to LEND TO ALL NATIONS, AND REAP HUGE PROFITS FROM MANIPULATED INTEREST RATES, DEPRESSIONS AND RECESSIONS.DOES THAT SOUND LIKE US????

Cris

The Seventh head of the Beast(Great Britain/America) is about to suffer the prophesied death stroke. Prepare for the 8th and Final King to rule the world under tyrannical rule. Its’ gonna happen, YOU HAVE NO CHOICE IN THIS MATTER!
Gods plan is working out just like it’s supposed to, and only through his son will ANYBODY be saved, of which YOU DO HAVE A CHOICE IN THE MATTER!

Jimm

AND THE ONE RING SHALL RULE THEM ALL!!!!!!!!!!!!

Wade

Until we get rid of the central banking system and the so-called “Federal” Reserve, we have little or no chance of changing the direction of our decline and impending collapse. The Federal Reserve Bank is no more “Federal” than Federal Express! They are simply a group of private investors who are becoming rich and powerful from totally deceitful business practices. They MUST be stopped if we are to ever begin the healing needed to save this Republic! Usury is un Constitutional, and is what the FED has used to bring our country to its kness and to the brink of extinction.

Graham

Is “Christ Conscienceness” not an option?

I’m just wondering what God’s “other” children are supposed to do, who were born into a different faith. One people (humans), many colours (differing DNA) and multiple belief systems, some of which date back 6,000 years (Vedas).

I have the funny feeling that your take on the matter has caused war and death on a massive scale. The “Law of Freewill” is “Universal” and not denominational. I don’t see where this law fits in with your indoctrinated perspective that creates a “divide and conquer” mentality amongst people.

I suggest you read the Quran and the Torah then reconsider your level of respect for God’s “others”. Remember that Jesus was himself a Jew! Realise he was not the only “prophet” either, but one of many. You may also want to consult a “pre” King James VI bible then question your church leaders about the changes.

If they are prepared to put “People before Profit”, especially in certain American churches, they might tell you the truth and realise that the “flock” have been somewhat misdirected. Something that has helped the creation of a “One World Order” immensely. Look a lot closer at Abraham! Is he a faith “uniter”? Also research the bloodline of King James VI. Kings rule over people. Problem?

“Do not pretend you can love others until you realize them as being one with yourself.” [Nisargadatta Maharaj]

Thumbs up

Just want to add that no where in the Holy Bible does it say Jesus is the son of God. How can God have human characteristics and be creator of the universe (stars, galaxies, worm holes, super novas, etc.) as well. Safe to suffice, there has been some man made alterations to the words of God. Question is, ever wonder to what end?

DIVINA

As a rule, trouble is worse in anticipation than in reality. This is not true of the crisis before us. GOLD and SILVER will NOT buy food if food does not exist because of famine, drought, floods or pestilence. The CRISIS has come because of SPIRITUAL deformaties – every imagination of the thoughts of our hearts are only evil continually -as before the flood. Therefore, “The nations are in unrest. Times of perplexity are upon us. Men’s hearts are failing them for fear of the things that are coming upon the earth. But those who believe in God will hear His voice amid the storm, saying,
“It is I; be not afraid.” The Signs of the Times, Oct. 09, (1901), Author, Ellen G. White
James 5:1 – Go to now, ye rich men, weep and howl for your miseries that shall come upon you. James 5:2 – Your riches are corrupted, and your garments are moth eaten.
James 5:3 – Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days
James 5:4 – Behold, the hire of the laborers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of Sabaoth.
James 5:5 – Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
James 5:6 – Ye have condemned and killed the just; and he doth not resist you.

Luke 21:35 “For as a snare shall it come on all them that dwell on the face of the whole earth.”Isaiah 24:1 Behold, the LORD makes the earth empty, and makes it waste, and turns it upside down, and scatters abroad the inhabitants thereof.
Isaiah 24:20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.

These prophesies could apply to anyone of us, our courtry, our elite leaders, or spiritual leaders. We must put away “self.”

sasquatch

ya know, for me reading all of this in it’s entirety, i have to say some of you are so darn smart in all this that it’s amazing how some know money very well. Most likely from their college days and their own jobs. it’s good reading and yep, one world govt. is systematically being orchastrated by many. Hold on and i’m actually thinking of selling my boat and button up the hatches and buy a better vehicle on gas from the 8.0 mpg i currently get.

frogbrain

8mpg, gosh what u got dude 1000hp shelby?

http://www.suburbanwaterheater.com larry redmond

any other ponzi schemes ? live in penna its getting bad now. bank exec resigning , gas and kids college tuition goin up ! doesnt biden own near a dozen homes ? isnt harvard really expensive ? good grief ! its like a brick wall with the economy and everyones shopping for lowest price , we have a lowes and home depot every 5 miles . cvs walgreens and a food franchise at every light ! how do we spell to much .. renting a movie at blockbuster , oops

patriot alice

Mr. Bernanke is doing a great job balancing this crisis…He will aid “QE3″ the economy if it falls too much, and Europe will do the same…Printing money is the only solution left for the West…The result will be, many more people will fall into poverty from the middle classes, creating a whole new class of minimum wage earners, who will have to work and save their way back…The financial world will not come to an end.

It’s stunning that so many people have no idea how close ’08 was to total collapse! People actually believe that banks have on hand every dime of their deposited money. Actually banks, being lending institutions, lend out most of their ‘demand deposits’ (all checking/business accounts). In most cases they only have to have 10 to 12% of the cash that has been deposited regulated by that amazing shell game entity called the Federal Reserve. The other 88 to 90 % has been loaned out of course. If just a few of the big banks has gone under ’08, it would trigger a panic run on banks & 88 to 90% would never see a dime! FDIC you say?..ROFLOL they have about .007% on hand to cover all the deposits nationwide. My specific percentages from WIKI may be a tad off but very close. Check it out for yourself! Do so & you will see why most US dollars aren’t even in this country. The US dollar value is propped up by “petro US dollars”. In the past all oil was bought with US dollars lending enormous credibility & value to US $. Take a look at how many countries are not using US dollars for petro right now!..and that number will only grow as US dollars weaken more. Throw in the history of fake fiat money backed by nothing which always ends in disaster, as well as the world debt crisis & disastor is the only possible result. We all know it’s a huge shell game, & no I don’t have any answers because there are none! Zero! Zilch! Check out economist John Williams @ youtube or shadowstats.com as well as others!~ If you handed someone a dollar per second it would take you 30,000 years to give 1 Trillion $$! ..knida sheds a new light on our deficit & borrowing ya’ think?

Thumbs up

Thank God, we still have people who understand there is a real world out there beyond US borders and petty issues. Use of the word shell is perfect description of US wealth and real dollar value.

http://www.construction-expert.com Paul Gogulski

Dave,

What really bothers me is the silence by all the talking heads and both political leaderss regarding the impact of a derivitaves market that is 15 times larger than the US total GNP with no end in sight. Has anybody got the guts to suggest that this can be reduced to zero with the impact hit on the six major banks rather than the backs of the sleeping American taxpayers?

Chase

Not to mention the FDIC has up to 100 years to pay out on the insurance!

Peter

I live in Melbourne, Australia. We enjoy a very strong economy & great standard of living but watching very closely everything that is happening in the world around us, especially Europe & USA is really quite frightening as this Tsunami of Financial crisis will have the power to bring us all down. May God help us all.

David

Time is short. The global crash is at the door. Stockpile dried fruits, canned food, etc. and have a source of water. It will seriously get that desperate. It will be bigger than the Great Depression of 1929 to 1933. Why? We are in far far far more debt, the world population has increased 10 fold, and we are far less capable of being self sufficient (eg. growing own veges) compared to the 1930’s. Land sizes have shrunk and many millions live in apartments, with no possible means of supplying their own food. It will be chaos on the streets, widespread famine, violent crimes to get food, etc. The world is in for a humbling experience. Man will be on his knees. Why? To turn to the Lord Jesus and repent, and trust He will provide like he did for the Israelites for 40 years in the desert. Be prepared as best as you can for time is short, however trust in the Lord Jesus.